RE:RE:RE:RE:RE:RE:Paradigm hitting the ask today I just re read this. What enormous lengths are you talking about them going through to get these options?
Do you mean the automatically granted options in the sum of 10% of the shares outstanding that every publicly traded company is able to dole out to execs every year? Sure seems like a lot of effort. (That last sentence was sarcasm)
Didn't Toray and Birch Hill decline to participate in this financing?
What does taxable income have to do with anything?
You're just saying random quasi facts with some kind of certainty and authority as if they have any bearing on their life planning decisions. While at the same time having no idea how how they work.
Inca2020 wrote:
It's funny when you say decade or two like you're talking about having a sandwich.
Let me ask you how concerned you'd be about earning a huge bonus at the end of your career if over the next 20 years I threw 40k a month on top of whatever else you're making at your day job.
maybe you would be, maybe you're very driven. Maybe they're very driven. Maybe they want the prestige of their life's work materializing into something and leaving behind that imprint on the world. Maybe.
Chasing a quick buck is a young mans game. The slow drip is what matters.
will find out sooner or later.
mercedesman wrote:
"hard to spend on IR when paying big salaries. I don't think management has enough shares to care about the share price. More important is what's in the till to pay the monthlies. " - Inca
This is perhaps the dumbest post I've read here ( and that's saying something. )
They've gone to enormous lengths to grant themselves millions in options year after year, and in many cases they have outlaid significant after tax dollars dollars in the acquisition of cheap shares.... and you say this was all done so they can keep their salaries going, knowing that is pretty much all that they are going to get out of the deal in the end?
All under the watchful eye of Toray and BirchHill et al ?
Give your head a shake.
The riches they will have made in from their bi- weekly ( or whatever) pay cheque ( added up over a decade or two) will pale in comparison to the capital gains that they should ultimately realize in the end. Oh and the first $800k in the sale of equity, is tax free, ( and that is before the multiplier effect thru the setup of family trusts)
I give the BoD more credit than that, for devising a plan wherein they ALL get rich, not just the day -to-day managers.
BTW did Seto join for a year or two just to rack up some taxable salary too, before it all goes south ?
MM